President wins praise of experts, executives

Experts and business executives said they are heartened by China's pledge to seek practical results in economic cooperation among the BRICS countries as they coordinate development strategies.

The message was delivered by President Xi Jinping in a keynote speech on Monday that paves the way for the bloc's next "Golden Decade".

Xi called for a more "just and equitable" international order in his address, suggesting that BRICS is a grouping that could lead the reform of global financial architecture away from just the Washington-based international monetary system that has prevailed since the end of World War II, according to Kerry Brown, professor of Chinese Studies and director of the Lau Institute at King's College, London.